Intrust Bank NA Increases Holdings in Gladstone Commercial Co. (NASDAQ:GOOD)

Intrust Bank NA increased its position in Gladstone Commercial Co. (NASDAQ:GOOD) by 16.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,479 shares of the real estate investment trust’s stock after buying an additional 4,258 shares during the quarter. Intrust Bank NA’s holdings in Gladstone Commercial were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of GOOD. Newbridge Financial Services Group Inc. purchased a new stake in Gladstone Commercial during the fourth quarter valued at about $43,000. KLP Kapitalforvaltning AS purchased a new stake in Gladstone Commercial during the 4th quarter valued at about $112,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Gladstone Commercial by 68.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,116 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 2,885 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Gladstone Commercial during the 4th quarter worth approximately $192,000. Finally, Wealthfront Advisers LLC purchased a new position in Gladstone Commercial in the 4th quarter worth approximately $194,000. Hedge funds and other institutional investors own 45.51% of the company’s stock.

Gladstone Commercial Stock Performance

Shares of NASDAQ:GOOD opened at $14.90 on Monday. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. The company has a market cap of $681.78 million, a price-to-earnings ratio of 57.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. Gladstone Commercial Co. has a 12 month low of $12.85 and a 12 month high of $17.88. The company has a 50-day moving average price of $15.74 and a 200-day moving average price of $16.18.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. The business had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $38.04 million. As a group, equities analysts anticipate that Gladstone Commercial Co. will post 1.45 EPS for the current year.

Gladstone Commercial Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.10 dividend. This represents a yield of 7.48%. The ex-dividend date was Friday, January 24th. Gladstone Commercial’s dividend payout ratio (DPR) is currently 461.54%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.